April 27, 2021
Share the Newsletter Sign Up
 

Public Notice of Utah Code Article 9 Sale of SA Ferrous Industries, LLC d/b/a Revolve Recycling (“Debtor”) - Bid Deadline is April 28th

Daines & Jenkins, LLP announces the public sale of the industrial recycling equipment and other assets previously utilized by Debtor. All bidders must register to bid by April 28th.

More information on DailyDAC here.
 

Public Notice of Secured Party Sale, re Highland Mills Quarry - The auction is May 26th

Foley & Lardner LLP & Keen-Summit announce the sale of the membership interests of Speyside Holdings LLC, Speyside Holdings II, LLC, and CEM III LLC (collectively, the “Debtors”). The Debtors own the real property and other assets known as the Highland Mills Quarry located in Highland Mills, NY. The secured party is NEBARI NATURAL RESOURCES CREDIT FUND I, LP.

See the full public notice here.
 

90 Second Lesson: What is an Exchange Offer?

Have you owned stock in a company and heard on the news it is “doing an exchange offer?” One of our readers had this experience, and like many, was unsure what it meant. We explain debt tender and how distressed companies can use exchange offers, a type of debt tender, to restructure debt. Read more in “90 Second Lesson: What is an Exchange Offer?”
 

April 28th - Directors in Distress

Companies look for independent directors with varied expertise and experience, but one thing they rarely look for (and hope never to need) in a board candidate is someone who has been through a chapter 11 bankruptcy or other restructuring event. For this reason, when unwanted and unexpected financial distress occurs, many boards are ill-equipped to handle it.

This webinar is for you if you are interested in learning about:

• How to discharge your fiduciary duties (including a discussion of the so-called “zone of insolvency”)
• Why, when, and how to retain outside professionals
• How the dynamic between the Board and the C-Suite is impacted
• Understanding and evaluating a company’s strategic alternatives (from out-of-court workouts to chapter 11, and everything in between)

This 90-minute webinar is a production of the Private Directors Association.

If you are not a member of the PDA but would like to attend at no cost, just email [email protected] before 4 pm CT today with the subject line “free webinar, please” and DailyDAC will register you!

Just another way to say thank you for reading DailyDAC Weekly!

PDA sponsors include Bank of America, Merrill, EY, Foley & Lardner, Tucker Ellis, and Directors & Boards Magazine.
 
Keen-Summit
 
Latest Deals Added to the Opportunistic Deal Database
The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so you can easily find these deals on our website by searching for this number.

Secured Party Sales

  1. Real estate for investment - 5 properties - (28416)
  2. Land - 1 acre (w/real estate) - (28415)
  3. Farm equipment - (28417)

Private Company Sales

  1. Tactical military equipment manufacturer - (28429)
  2. Geotechnical engineering company - (28431)
  3. Plumbing & heating company - (28426)
  4. Trucking company - (28430)
  5. Flight school - (28427)

Assignment for the Benefit of Creditors Sales

  1. Healthcare technology company - (28382)
  2. Wireless technology company - (28383)
  3. Industrial building company - (28385)
  4. Roofing contractor - (28384)

Chapter 11 - 363 Sales

  1. Commercial land - 99.65 acres - (28406)
  2. 134.14+/acre row crop farm - (28405)
  3. Timber land - 104 acres - (28407)
  4. Acreage - 25.5 acres - (28408)
  5. UCaaS provider - (28404)

Chapter 11 - Investment Banker Application Filed

  1. Financial holding company - (28400)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Sandblasting service - (28401)

Chapter 7 - Sale of Business Assets

  1. Interest in a business judgement (glass co) - (28395)
  2. Business interest - Multiple LLC companies - (28393)
  3. Rights/interest in a historic painting - (28394)
  4. Sound recording/production rights - (28396)
  5. Interest in performance weaponry - (28398)
  6. Interest in a business loan - (28397)
  7. Gun collection - (28399)

Chapter 12 Bankruptcy

  1. Vacant land - 19.24 acres - (28402)

Rating Agency Alerts/Other Signs of Distress

  1. Pharmaceutical drug developer - (28441)
  2. Electronic commerce platform - (28439)
  3. Telecommunications company - (28437)
  4. Women's apparel retailer - (28438)
  5. Aircraft leasing company - (28440)

Auctions

  1. Air pump & compressor manufacturer - (28373)
  2. CNC production machine equipment - (28372)
  3. Tools, shop & welding equipment - (28381)
  4. Farm & construction equipment - (28379)
  5. Cafe & bakery (w/equipment) - (28380)

Other Interesting Sales

  1. Jewelry, collectible coins & designer accessories - (28414)
  2. Unreserved land - 75.46 acres - (28411)
  3. Development land - 244 acres - (28412)
  4. Farmstead - 477.91 acres - (28410)
  5. Farmland - 145.09 acres - (28409)

Bulk Sales

  1. Automotive services business - (28392)
  2. Commercial beverage license - (28388)
  3. Restaurant (w/equipment) - (28390)
  4. Full-service restaurant - (28387)
  5. Bar & night club - (28386)

Receiverships

  1. Late model paving & construction equipment - (28420)
  2. Mining, exploration & development company - (28424)
  3. Luxury apartment complex - 90,324 sq. ft. - (28418)
  4. Full-service hotel - (28425)
  5. Retail outlet mall - (28421)

Mass/Significant Layoffs

  1. Branded restaurant chain - (28432
  2. Employment agency - (28436)
  3. Footwear retailer - (28434)
  4. Shipping company - (28435)

Plant/Facility Closings

  1. Vehicle manufacturer supplier - (28444)
  2. Pharmaceutical company - (28442)
  3. Agriculture cooperative - (28443)
  4. Cosmetic company - (28445)
  5. Fluid milk plant - (28446)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]